Inter Parfums Reaches New 52-Week High (IPAR)

Inter Parfums (Nasdaq:IPAR) hit a new 52-week high Friday as it is currently trading at $23.46, above its previous 52-week high of $23.34 with 61,410 shares traded as of 12:36 p.m. ET. Average volume has been 174,600 shares over the past 30 days.

NEW YORK ( TheStreet) -- Inter Parfums (Nasdaq: IPAR) hit a new 52-week high Friday as it is currently trading at $23.46, above its previous 52-week high of $23.34 with 61,410 shares traded as of 12:36 p.m. ET. Average volume has been 174,600 shares over the past 30 days.

Inter Parfums has a market cap of $679.4 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 22.2% year to date as of the close of trading on Thursday.

Inter Parfums, Inc., together with its subsidiaries, engages in the manufacture, marketing, and distribution of various fragrances and fragrance related products primarily in the United States and Europe. The company has a P/E ratio of 21, above the average consumer non-durables industry P/E ratio of 20.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Inter Parfums as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Inter Parfums Ratings Report.